NYSE$AIV

Apartment Investment and Management Co · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

AIMCO reported third quarter results, updated 2024 guidance, and provided highlights on recent and planned activities.

AIMCO's net loss attributable to common stockholders per share was $(0.16) for the quarter ended September 30, 2024. Revenue, expenses, and NOI from Stabilized Operating Properties increased 4.1%, 10.6%, and 1.6%, respectively, year-over-year. The company substantially completed construction at its Strathmore Square project and began construction on an ultra-luxury residential tower at 640 NE 34th Street in Miami, Florida.

  • Net loss attributable to common stockholders per share was $(0.16).
  • Revenue from Aimco’s Stabilized Operating Properties increased 4.1% year-over-year.
  • Construction began on an ultra-luxury residential tower in Miami's Edgewater neighborhood.
  • Agreements were announced to sell interests in two investments in Miami, Florida for $203.8 million.

Headline financials

Total Revenue

$53.2M

Previous: $47.7M+11.4%
EPS

-$0.16

Previous: -$0.02-700.0%
Average Daily Occupancy

96.6%

Previous: 95.2%+1.5%
Capital Expenditures

-$118M

Previous: -$216M+45.5%
Free Cash Flow

-$140M

Previous: -$219M+36.0%
Net Income

-$21.9M

Previous: -$2.26M-870.6%
Operating Income

-$1.47M

Previous: $3.37M-143.7%
Gross Profit

$53.2M

Previous: $47.7M+11.4%
Cash & Equivalents

$82.6M

Previous: $95.7M-13.6%
Total Assets

$2.07B

Previous: $2.25B-8.1%
Stock-Based Comp

$1.59M

Previous: $1.67M-4.8%

Revenue & EPS history

AIMCO · Revenue · Quarterly

$53.2M

Q3 2024+11.4%vs Q3 2023
Beat estimate in 5 of 8 quarters(63%)
ActualEstimate

Forward guidance

Aimco provided its 2024 outlook, including forecasts for net income per share, operating property revenue growth, operating expense growth, and net operating income growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+0.3%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+1.6%

Avg return

30 days after

50%

25 / 50 earnings

Positive

+11.0%

Q4 2020

Best reaction

-9.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.4%-1.2%
Q4 2025+3.2%-21.3%-29.2%
Q3 2025+6.0%+5.2%+6.7%
Q1 2025-1.5%-0.3%+4.3%
Q4 2024+0.1%+1.3%-3.1%
Q3 2024-1.6%-0.8%+0.0%
Q2 2024-2.6%-2.5%-0.7%
Q1 2024-1.2%-1.9%-3.5%
Q4 2023-6.9%-7.4%+1.9%
Q3 2023+1.3%-0.2%+12.3%
Q2 2023+0.9%+1.0%-7.3%
Q1 2023+3.4%+9.8%+12.0%
Q4 2022-3.2%-0.9%-9.2%
Q3 2022-3.5%+3.1%+7.9%
Q2 2022+8.4%+13.2%+14.7%
Q1 2022-9.7%-3.2%+4.0%
Q4 2021+2.5%+2.5%+2.5%
Q3 2021-0.4%+1.4%+0.3%
Q2 2021-1.5%-1.9%+2.4%
Q1 2021+4.2%+3.6%+5.9%
Q4 2020+11.0%+12.0%+22.4%
Q3 2020+5.6%-10.7%+1.9%
Q2 2020-5.8%-4.6%-5.5%
Q1 2020+5.0%-1.7%+17.2%
Q4 2019-0.6%+0.3%-9.8%
Q3 2019+1.2%-1.8%-1.5%
Q2 2019+1.4%+1.0%+2.9%
Q1 2019+1.4%-0.5%+1.2%
Q4 2018+0.6%+0.4%+0.4%
Q3 2018+1.1%+4.1%+9.4%
Q2 2018+2.4%+1.5%+2.4%
Q1 2018-0.2%-0.5%+1.3%
Q4 2017-3.1%-5.3%-8.2%
Q3 2017+1.5%+0.6%+2.4%
Q2 2017+3.1%+3.9%+4.3%
Q1 2017-2.5%-3.8%-3.7%
Q4 2016+2.8%+3.4%+5.0%
Q3 2016-0.6%+1.2%-4.8%
Q2 2016+5.0%+3.1%+1.2%
Q1 2016-0.4%
Q4 2015-6.6%
Q3 2015-4.4%
Q2 2015-1.4%
Q1 2015-0.1%
Q4 2014-2.7%
Q3 2014+4.4%
Q2 2014-2.2%
Q1 2014+1.7%
Q3 2013-1.9%
Q2 2013-1.3%

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